Regulation D

The federal securities laws mandate that any security sale or offer should either be registered with the SEC or fulfill an exemption requirement. One such exemption is provided by Regulation D under the Securities Act, which enables certain companies to sell their securities without undergoing registration with the SEC. While compliance with Regulation D obviates the need for registering an offering of securities with the SEC, it necessitates filing an electronic Form D post selling those securities for the first time. Form D serves as a concise notification containing pertinent information like names and addresses of company promoters, executive officers, directors, and some specifics regarding the offering; however, it lacks extensive details about the company itself. By accessing the SEC’s EDGAR database, one can ascertain whether a company has filed Form D or not.